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Blunderbluss Manufacturing's balance sheets report $305 million in total debt, $64 million in short-term investments, and...

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Finance

Blunderbluss Manufacturing's balance sheets report $305 millionin total debt, $64 million in short-term investments, and $65million in preferred stock. Blunderbluss has 5 million shares ofcommon stock outstanding. A financial analyst estimated thatBlunderbuss's value of operations is $850 million. What is theanalyst's estimate of the intrinsic stock price per share? Roundyour answer to the nearest cent.

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